Ballentine Partners LLC Has $5.57 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Ballentine Partners LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 14.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,905 shares of the oil and gas company’s stock after selling 8,266 shares during the quarter. Ballentine Partners LLC’s holdings in Exxon Mobil were worth $5,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in XOM. Partnership Wealth Management LLC acquired a new stake in Exxon Mobil in the 4th quarter worth approximately $46,000. Vima LLC acquired a new stake in Exxon Mobil in the 4th quarter worth approximately $50,000. Keener Financial Planning LLC acquired a new stake in Exxon Mobil in the 4th quarter worth approximately $80,000. Neo Ivy Capital Management acquired a new stake in Exxon Mobil in the 4th quarter worth approximately $80,000. Finally, Orion Capital Management LLC acquired a new stake in Exxon Mobil in the 3rd quarter worth approximately $91,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on XOM. Scotiabank boosted their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Truist Financial restated a “hold” rating and issued a $124.00 target price (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. Barclays began coverage on Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. Finally, HSBC lifted their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.71.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock traded up $1.76 during mid-day trading on Monday, hitting $112.52. 1,829,699 shares of the company were exchanged, compared to its average volume of 18,239,984. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $115.70 and a 200 day moving average of $109.17. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a market capitalization of $443.67 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 3.98 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.83 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 9.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is presently 46.57%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.